13 Amendments of Eider GARDIAZABAL RUBIAL related to 2017/2071(INI)
Amendment 10 #
Motion for a resolution
Recital B
Recital B
B. whereas the EIB Group financial activities include both lending own resources and fulfilling the various mandates granted to it with the support of the EU budget and third parties such as EU Member States;
Amendment 29 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Welcomes in this regard the EC work strand of combining different financing sources, including EFSI, centrally managed EU level financial instruments, ESI Funds programme resources, Member States resources as well as National Promotional Institutions resources, so that more risky projects and projects with limited access to finance could be serviced to the benefit of SMEs;
Amendment 43 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes that, according to the Corporate Operational Plan 2017-2019 , the value of the EIB loans signed is forecast to rise once again in 2019 (to EUR 76 billion, following a fall from EUR 77 billion in 2014 to EUR 73 billion in 2016); points out that the current context should encourage the bank to adopt more ambitious objectives and to increase the loans signed by the EIB; recalls that the EIB should play a fundamental role in the implementation of the Europe 2020 strategy through the Horizon 2020 instrumentinstruments such as Horizon 2020 and the Connecting Europe Facility;
Amendment 73 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Considers that using criteria for selecting financial intermediaries and being in possession of up-to-date information on beneficial ownership of companies, including trusts, foundations and tax havens, are best practices to be permanently followed; notes the fact that the EIB identifies during the due diligence process the beneficial owners of such companies; invites the EIB Group to further reinforce its contractual conditions by integrating a clause on or reference to good governance in order to mitigate risks to integrity and reputation;
Amendment 78 #
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19a. Recalls that transparency in the implementation of EU policies not only leads to strengthening the EIB group’s overall corporate accountability and credibility, with a clear overview of the type of financial intermediaries and final beneficiaries, but also contributes to enhancing the effectiveness and sustainability of the funded projects alongside a zero-tolerance approach to fraud and corruption in its loan portfolio; calls on the EIB group to align itself with the new rapid alert and exclusion system planned by the Commission;
Amendment 82 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20a. Suggests that the EIB group should follow the example set by the International Finance Corporation (IFC) of the World Bank group and start disclosing information about the high-risk sub-projects it finances via commercial banks (the main intermediaries/financial vehicles used by the EIB group to fund SMEs);
Amendment 83 #
Motion for a resolution
Paragraph 20 b (new)
Paragraph 20 b (new)
20b. Welcomes the disclosure upon request of all EIB group held project documents; asks the EIB group to define guidelines for non-sensitive and basics information that could be disclosed in relation with demands related to proactive project level disclosure;
Amendment 98 #
Motion for a resolution
Paragraph 26 a (new)
Paragraph 26 a (new)
26a. Welcomes the publication of its ReM+ framework methodology, but believes that the assessed results themselves should be disclosed for any operation and for the environmental and social impact assessments at the level of projects or subprojects, following up the good practice of the disclosure of the scoreboard of indicators;
Amendment 99 #
Motion for a resolution
Paragraph 26 b (new)
Paragraph 26 b (new)
26b. Welcomes the adoption by the EIB group of high transparency and accountability standards for its SME lending activity, with mandatory reporting from financial intermediaries on each SME that benefitted from EIB group support to take these results into account when considering subsequent transactions with the same intermediary;
Amendment 103 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Warns, in this respect, that market- driven instruments risk shifting the focus of the EU budget from EU public common goods and expects the EIB Group to reinforce its reporting to the Commission on the quality as opposed to the quantity of its financing in the context of the financial instruments;
Amendment 105 #
Motion for a resolution
Paragraph 29 a (new)
Paragraph 29 a (new)
29a. Notes that in order to make full use of the additional risk bearing capacity, the EIB group has developed various new products that will allow for higher risk taking (e.g. subordinated debt, equity-type, risk sharing with banks), and has reviewed its credit risk policy and eligibilities to allow for increased flexibility;
Amendment 111 #
Motion for a resolution
Paragraph 30 a (new)
Paragraph 30 a (new)
30a. Calls on the EIB group to further rely on financially sound intermediaries, such as NPBIs, for the instruction of certain types of projects, which would not endanger its high credit standing;
Amendment 112 #
Motion for a resolution
Paragraph 30 b (new)
Paragraph 30 b (new)
30b. Considers that many EIB group governance rules are designed to safeguard its high credit standing, but that very few information is available on how close the EIB group is from a lower rating;